Search found 149 matches

by simas
Sat Apr 14, 2018 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 7817

Re: Cash flow problems - best way to handle?

good luck to you! short term needs (5k) could be addressed with short term fixes (personal load, credit union, etc), and may be they should. the bigger problem to me (and I would be direct), is longer term picture. your income and expenses are out of whack (what you spend on housing as percentage of...
by simas
Sat Apr 14, 2018 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Megacorp with shifting management: coast or move on?
Replies: 2
Views: 605

Re: Megacorp with shifting management: coast or move on?

Management is a team sport. especially your chain of command has to be on the same team as you (see you as loyal, active contributor to the team worthy of investing political capital into and worthy of supporting). what you mention in your message does seem like you are in the team anymore (whoever ...
by simas
Wed Apr 11, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Are there any simple strategies that can help us squeeze better returns?
Replies: 45
Views: 2938

Re: Are there any simple strategies that can help us squeeze better returns?

"In finance one can demonstrate almost anything by backtesting." yes, backtesting is lying - you can always tweak the question to get whatever results desired. it is also completely useless, unless you can control the future to ensure it would be the same as the past (and if you can control the futu...
by simas
Wed Apr 11, 2018 5:48 am
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 84
Views: 13225

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

apply the same process recommended regardless of the amount to invest - start with asset allocation , determine your risk tolerance, map investment products to your asset allocation, create implementation plan, and implement it. Whether you want to do all of it yourself, take help from custodian (at...
by simas
Wed Apr 11, 2018 5:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs TIAA
Replies: 58
Views: 1635

Re: Vanguard vs TIAA

"Am I missing something, is my comparison wrong? " yes, you are setting it up in your mind to get desired conclusion - apples to oranges comparison on share classes. Institutional shares for Vanguard Funds are significantly below these costs (i.e. I pay 1/3 of the expense ratios you list for funds I...
by simas
Tue Mar 20, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Quick thought on a counter offer & employment contracts
Replies: 2
Views: 400

Re: Quick thought on a counter offer & employment contracts

Few thoughts 1. Drop the 'employment agreement' language , that generates a lot of red flags (with HR, with management, etc). Position is either defined as part of the management team subject to employment agreement as negotiated by the board of directors, reviewed by appropriate board committees, e...
by simas
Mon Mar 19, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 7598

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

invst65,michaeljc70, Those are really great real life experiences that you have shared. I am 42 and dont want to write code again - the problem is that I am finding it hard in deciding what to do next. I am out of regular work for 3 years - contracting with online work. I want to work on something ...
by simas
Sat Mar 17, 2018 7:46 am
Forum: Investing - Theory, News & General
Topic: Anyone exclude emerging markets?
Replies: 50
Views: 4433

Re: Anyone exclude emerging markets?

"If you're a passive investor then you should hold everything at market weight, regardless of your beliefs...unless, if course, you're really an active investor. " that. home country bias is real. it does not make any sense to me to hold 80% allocation in US if that is 40% of the world equity market...
by simas
Sat Mar 17, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 63
Views: 10176

Re: Terminal illness with small kids

meals, cleaning, any other services that make life a little simpler.
it does not reduce the shock or the pain of loved ones passing , however makes other parts of life that have to and will go one, go a little easier.
by simas
Sat Mar 17, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 7598

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

I think you have made a fair decision (for you) to wait and see another year. As others in this thread mentioned you should pay real attention to your stress as impact to your health and major input into your (quality of) life. As for 4%,3%,2%, etc - a lot of this is us smart monkeys who are trying ...
by simas
Sat Mar 10, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 8777

Re: Would YOU retire

Simas, I am interested in learning more about your situation. As someone who wants to retire soon - even this year - I am always on the hunt for people who've made the leap prior to me. I'll go back and search your posts, but anything more you can share? You are right that certainty doesn't exist a...
by simas
Sat Mar 10, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Schwab insists on hard inquiry on Equifax credit report !
Replies: 30
Views: 2725

Re: Schwab insists on hard inquiry on Equifax credit report !

-broker dealer organizations (BD) as well as banks (Schwab is technically a bank) are required to run this processing, for AML (anti money laundering) rules. you will not get around this as no financial account would be open in this decade without such verification, and it has nothing to do with bor...
by simas
Fri Mar 09, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 8777

Re: Would YOU retire

" Simas your response really really really hit home and makes me really think we should pull the trigger. I think im going to tell my wife that she can retire in the fall. After we build up a LITTLE more cash reserves. And will still encourage her to find a job with health insurance with pay being o...
by simas
Thu Mar 08, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 8777

Re: Would YOU retire

and one more thing - you retire to do what exactly now you do not have to work for living anymore? Have you given that a thought in terms of what brings joy to your life? my personal experience is that I determined I love building solutions (I am an engineer/problem solver at heart and get joy out o...
by simas
Thu Mar 08, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 8777

Re: Would YOU retire

YES is an answer (and I am already retired/FIRE 15 years younger than you). Few things - if you are looking for certainty, forget it as none ever exists. you are wasting your time and letting inner demons of fear take advantage of you looking for impossible. deal with likelyhoods/probabilities - you...
by simas
Wed Mar 07, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Self-employment and earning Social Security Credit
Replies: 5
Views: 460

Re: Taxes on Self-employment and earning Social Security Credit

" - Is this "Earnings" before or after taxes (SS, Medicare, SE, etc.)? - Which spouse gets the Social Security credit - Can we choose? - If the profits are double the amount, i.e. $10,400, do both spouses get credits? - If there are left over after $10,400 or $5,200, do you contribute most of it to ...
by simas
Mon Mar 05, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: what to do with 401k? Company dissolving....
Replies: 16
Views: 1551

Re: what to do with 401k? Company dissolving....

such that activities such as Roth conversions wouldn't have the funds diluting the basis for conversion taxation? IMHO no, once in IRA space - from IRS perspective all of your tax deferred IRAs are one account (regardless of how many subaccounts at various custodians you create and what you tag them...
by simas
Mon Mar 05, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Career Next Steps for a Software Developer?
Replies: 8
Views: 1246

Re: Advice on Career Next Steps for a Software Developer?

few thoughts - Do not buy businesses, especially you know very little of the underlying industries, how those numbers work, have all of the contacts these require, etc.. bad idea - if you want to built something (consulting, blogging, etc.), nothing stops you from doing it whether you are FTE or not...
by simas
Mon Mar 05, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Budget Check (paging Watty / KlangFool)
Replies: 86
Views: 6521

Re: Housing Budget Check (paging Watty / KlangFool)

Congratulations! Second the suggestion of adding a follow up post when you are ready
by simas
Mon Mar 05, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Has the home we wanted just become 20% more expensive due to tax reforms?
Replies: 62
Views: 6727

Re: Has the home we wanted just become 20% more expensive due to tax reforms?

" Also, it will be likely harder for high tax States to raise income taxes in the near-term. Same for local property taxes. People will be more sensitive to that now that they aren't subsidized as much." +1 . what is surprising is behavior of people in those state - instead of pushing for accountabi...
by simas
Mon Mar 05, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Has the home we wanted just become 20% more expensive due to tax reforms?
Replies: 62
Views: 6727

Re: Has the home we wanted just become 20% more expensive due to tax reforms?

'I may disagree. Changes to tax law to this extant usually takes couple administrations if not decades,' Huh?? Congress changes tax laws ALL the time, every year, multiple times a year by tweaking tax code. there have been multiple massive changes this decade (ACA anyone? additional surcharges on in...
by simas
Fri Mar 02, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 29
Views: 4494

Re: Spending and saving - am I on it, or in for it?

Glad to help, best of wishes and good luck to you. Long time ago I realized that you can not change others :) so I stopped trying that - if something (real estate, antique cars, underwater basket weaving, whatever) works for you and makes you happy enough, more power to you. You have spent few weeks...
by simas
Sun Feb 25, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 29
Views: 4494

Re: Spending and saving - am I on it, or in for it?

excellent, in which case the answers to your question are pretty simple "How much cash should we have in reserve?" however much (or little) lets you sleep well at night. you (and your spouse) are the only ones that can make that determination "Is it reasonable to rely so much on the real estate inve...
by simas
Sat Feb 24, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2506

Re: Should I ask for a larger raise at yearly review?

boss to build your case for when he goes to the management committee to fight for your new comp. It's all a game, you have to figure out the game, and play it better than the next guy, assuming you have the skills and work to back it up. Like some others have said, it also often means changing empl...
by simas
Sat Feb 24, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2506

Re: Should I ask for a larger raise at yearly review?

"I definitely felt like the company had me (and my co-workers) on strict price controls to manage the company's operational costs." of cause it does, it is a primary duty to shareholders/owners. not sure why the surprise "This overall assumption gets even stronger when you see new employees are bein...
by simas
Sat Feb 24, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2506

Re: Should I ask for a larger raise at yearly review?

"What would you recommend to those of us looking for raises" Switch roles (within the company or in new company). reality is that person accepted a specific position at specific level of pay (slowly increasing with inflation - aka cost of living adjustment). that position has a range and once it top...
by simas
Sat Feb 24, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2506

Re: Should I ask for a larger raise at yearly review?

" Our company works the same way where when we announce raises to the employees, the bucket has already been divvied up and you get what you get and you don't throw a fit." how it worked in our corp - your 360 reviews were due in early January which is the same time funding amounts became finalized ...
by simas
Sat Feb 24, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 29
Views: 4494

Re: Spending and saving - am I on it, or in for it?

"I am not comfortable putting all my eggs in any one basket. I had been through too many recessions and economic crisis to believe any single basket is safe." +1 Look , the Real Estate evangelists come by here ever so often - they read Rich Dad Poor Dad or some other book, get excited, and come here...
by simas
Sat Feb 17, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 7378

Re: Why paying off loans would be better than fully funding 401k?

May be a stupid question - why stay in that area ? Is it close to your family (since she wants to be away traveling back to her folks)? Some sentimental attachment? Best schools in the nation? or is it simply where job ended up being? Otherwise, you are (slowly) moving towards 'good' - cataloging wh...
by simas
Sat Feb 17, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 10376

Re: My Over $300K Vanguard Balance Disappeared?

" This is an avoidable problem. Your Amazon order history or Gmail archives are never unavailable. In today's world, tolerating poor customer experiences like this is a business decision." Yes, the amount of investments you want to place into that place or ultimately priority of this vs priority of ...
by simas
Sat Feb 17, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 10376

Re: My Over $300K Vanguard Balance Disappeared?

from the IT perspective on similar situations - the site calls various services (APIs) to get and display balances. we (IT) have to routinely perform maintenance (firmware/OS patching primarily, things like failovers, infrastructure migrations, etc) during which APIs are unavailable. So what typical...
by simas
Wed Feb 14, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 7378

Re: Why paying off loans would be better than fully funding 401k?

"I think some people are missing the importance of the future "vacation" money. Wife lives on the west coast and her aging family is on the east coast. Likely the kids' grandparents are on the east coast. There is probably no family on her side out west. Visiting once or twice a year is of primary i...
by simas
Wed Feb 14, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3818

Re: C-Suite etiquette advise needed

Do you have an admin assigned already ? Why not mention it to that person (almost typed 'her') and have them talk to the CEO's admin assistant. These (and any other preferences) are common, normal, and are routinely accommodated. CEO's admin would contact the venue (as she/he is the one paying to th...
by simas
Tue Feb 13, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 7378

Re: Why paying off loans would be better than fully funding 401k?

ChinchillaWhiplash I read your thread and this looks like much more than 'math' question - the real problem is your wife's spending habits and expectations (and therefore it is a problem for both of you). Your desire to put money away in 401k, HSA, etc looks like well justified desire to 'hide' the ...
by simas
Sun Feb 11, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 39
Views: 2393

Re: Passthrough deduction affected by solo 401k?

interested as well - as self/employed without a corp, curious how it would work in 2018..
I do see the argument of small businesses being left out from the corporate tax rate reduction..
by simas
Sat Feb 10, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: "Personal Capital" program
Replies: 14
Views: 1423

Re: "Personal Capital" program

The 'advisor' contacts you (or tries to) once a quarter - if you do not need the service, don't pick up or just say no. overall, the tool is very convinient
by simas
Sat Feb 10, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Stay the course?
Replies: 65
Views: 7340

Re: Stay the course?

...Were you this excited about buying in December when the prices were the same as they are now? Or did raising the price and then lowering it make you see things differently? Two parts to this - 'excitement' (emotions) and actions no, I was not as excited in December with a lot of noise of 'this i...
by simas
Sat Feb 10, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: In a rising rate environment, do banks offer incentives for early pay off?
Replies: 12
Views: 1446

Re: In a rising rate environment, do banks offer incentives for early pay off?

"A loan is the same as a bond. When interest rates fall the value of that loan falls just like the value of the bond. Rationally they should take their losses from the low interest low now and reinvest at the higher rate" And the other piece people forget is that (vast majority of the) banks may ori...
by simas
Tue Feb 06, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Stay the course?
Replies: 65
Views: 7340

Re: Stay the course?

I am actually excited :) - extra motivator to put some money in that otherwise I was too busy to act on. if it goes down more (sale!!!) , I may even pick up more hours to put more money
by simas
Mon Feb 05, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Need help - first major career choice (fed. gov.)
Replies: 39
Views: 2646

Re: Need help - first major career choice (fed. gov.)

"Do you agree/disagree with my above valuation of FERS pension?" The problem you have is that you are comparing apples to fantasies about oranges - do you want to live somewhere else ( in 'medium cost of living places')? if no, who cares what some other job pays in place X if you do not want to live...
by simas
Sat Feb 03, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: whole life basic value vs cost basis
Replies: 0
Views: 131

whole life basic value vs cost basis

We surrendered old whole life policy in 2017 (with Mass Mutual). I have pieces of information from them - email listing automated tax gain qoute from their system with the following values -- cost basis 32554.26 -- taxable gain 25246.59 - letter that contains the following numbers -- basic value 430...
by simas
Thu Feb 01, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity to buy company stock at a discount
Replies: 30
Views: 1723

Re: Opportunity to buy company stock at a discount

this is fairly standard benefit within megacorps - small amount of money in exchange to some time complications (1099B corrections ,etc). whether that is worth your time, up to you to determine. I do not know what level you are interviewing at, however ESOP is rarely what sways the decision as benef...
by simas
Thu Feb 01, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Consulting Liability
Replies: 15
Views: 800

Re: Independent Consulting Liability

- this is common - you do not have to agree to anything and can remove anything you do not like - just because it is written it does not necessarily means it is enforceable (a lot of the post engagement obligations that prevent you from working with anyone who may or may not worked with/heard/was in...
by simas
Thu Feb 01, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Consultant income - W2 or 1099
Replies: 8
Views: 584

Re: Consultant income - W2 or 1099

That is how it usually goes. otherwise there is no incentives for 1099 to convert and more incentives to work with a different client if they are unwilling to up the rate
by simas
Tue Jan 30, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Which brokerage has the best looking platform in your opinion?
Replies: 12
Views: 1186

Re: Which brokerage has the best looking platform in your opinion?

they are all functional - whichever you are most used to. Fidelity is simple enough once learned and almost complete (non-prototype accounts still have a number of things that could only be done in branch through paper) Schwab I am probably not get to judge given I worked for them for 10 years and k...
by simas
Sat Dec 30, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2382

Re: solo 401k - setting it up so that Roth conversion is a possibility

one quote that speaks to me as you are in the last day (or already passed) ability to actually set this up in 2017
"Act thoughtfully, act intelligently, and act boldly, but always remember to act!"

all research in the world without action means nothing
by simas
Sat Dec 30, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2382

Re: solo 401k - setting it up so that Roth conversion is a possibility

"Simas, one thing i wondered about about is that they plan to get a second EIN for me to use for the trust associated with the plan. So I wondered if it would be a big hassle to switch back to a brokerage with the solo401k (e.g. TDA) where they do not use this extra EIN and whether I'd need to go to...
by simas
Fri Dec 22, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2382

Re: solo 401k - setting it up so that Roth conversion is a possibility

plan - discountsolo401k.com
accounts set up by the plan trust - Fidelity
by simas
Fri Dec 22, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2382

Re: solo 401k - setting it up so that Roth conversion is a possibility

exactly. 1. I do not understand why otherwise pretty advanced organizations like Fidelity, Schwab, etc voluntarily surrender this market to smaller boutique firms . All they have to do is change the provisions of their plans to enable these features to instantly have significant advance 2. solo401k ...